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Property profile & analytics
OFF-MARKET
Shopping centers
5645 Courtenay Pkwy, Merritt Island, FL 32953-7226
Individually Owned
4-yr Hold
Free & Clear
Property ID
US18-5987932
Property profile
Verified
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Year built
1984
Total area
728 SF
Lot
0.69 ac (30,056 SF)
Zoning code
BU-1
APN
23-36-27-00-00029.0-0000.00
UPID
US18-5987932
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ABC Concrete Inc Construction Company General Contractor
-
Landscaping with Julie Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Andre M Baez · 4 yrs held
Andre M Baez
since 2021
Last sale
$45,000
5 recorded transactions
Zoning & alternative use
BU-1 · Merritt Island, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Merritt Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Merritt Island submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,229
Tax year 2023
Assessed value
$64,270
Assessed 2023
Previous assessed
$65,040
-1.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$60,000
Assessed improvement
$4,270
Land market value
$60,000
Improvement market value
$4,270
Total market value
$64,270
Applied tax rate
2,200.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Shopping centers
Use group
SHOPPING CENTER COMMON AREA
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
4
Bathrooms
2
Total area
728 SF
Lot
0.69 ac (30,056 SF)
Zoning code
BU-1
APN
23-36-27-00-00029.0-0000.00
UPID
US18-5987932
Jurisdiction
BREVARD
Zoning & alternative use
BU-1 · Merritt Island, FL
Zoning BU-1 · permitted uses
BU-1 · Merritt Island, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Merritt Island. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Andre M Baez
Individual
Free & Clear · 4 yrs held
Mailing address
180 GRANT RD, MERRITT ISLAND, FL 32953-8318
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2021
—
Andre M Baez
Andre M Baez
Intrafamily Transfer
related
—
Nov 21, 2019
$45,000
Andre Baez
Hebrun INC
Grant Deed
—
Aug 31, 2007
—
Sergio Novo
Baez,andre
Quit Claim Deed
related
—
Nov 6, 2006
$130,500
Andre Baez
Diane M Bishop
Warranty Deed
$75,000 · Wells Fargo Bank NA
Jun 25, 2004
$98,000
Diane M Bishop
Fidelity Bank Of Florida
Grant Deed
$78,400 · Fidelity Bank Florida
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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